Licensing Obligates a Firm to Provide _____, While Franchising Obligates

question 38

Multiple Choice

Licensing obligates a firm to provide _____, while franchising obligates a firm to provide _____.

• A) a specialized sales or service strategy; its technology
• B) its technology; a specialized sales or service strategy
• C) its technology; its technology
• D) a specialized sales or service strategy; a specialized sales or service strategy
• E) its technology; an initial investment

---

Definitions:

Altruism

denotes a selfless act of concern for the well-being of others without expecting any rewards in return.

Confederates

Individuals who are part of a confederation, or in historical contexts, specifically refers to those aligned with the Confederate States of America during the American Civil War.

Likelihood Of Conformity

The probability that an individual will adopt the behaviors, beliefs, or attitudes of a group.

Social Psychology

The scientific study of how individuals think, feel, and behave in social contexts.